BayBridge Capital Group LLC Grows Stock Holdings in Cameco Co. (NYSE:CCJ)

BayBridge Capital Group LLC lifted its stake in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 10.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,292 shares of the basic materials company’s stock after purchasing an additional 1,037 shares during the period. BayBridge Capital Group LLC’s holdings in Cameco were worth $539,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. boosted its stake in Cameco by 71.5% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 571 shares of the basic materials company’s stock worth $27,000 after buying an additional 238 shares during the last quarter. LRI Investments LLC purchased a new position in shares of Cameco during the 1st quarter worth $26,000. Larson Financial Group LLC boosted its position in shares of Cameco by 99.3% during the 1st quarter. Larson Financial Group LLC now owns 1,204 shares of the basic materials company’s stock valued at $52,000 after acquiring an additional 600 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of Cameco by 68.8% in the third quarter. Blue Trust Inc. now owns 1,575 shares of the basic materials company’s stock valued at $77,000 after purchasing an additional 642 shares during the period. Finally, Crewe Advisors LLC acquired a new stake in Cameco during the first quarter worth about $87,000. 70.21% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on CCJ. Janney Montgomery Scott upgraded shares of Cameco to a “strong-buy” rating in a report on Friday, October 4th. Scotiabank decreased their price objective on Cameco from $81.00 to $80.00 and set an “outperform” rating on the stock in a report on Monday, August 19th. National Bank Financial raised Cameco to a “strong-buy” rating in a research note on Tuesday, September 3rd. Glj Research reaffirmed a “buy” rating and issued a $63.73 price target on shares of Cameco in a research note on Wednesday, August 14th. Finally, Cantor Fitzgerald raised Cameco from a “neutral” rating to an “overweight” rating in a research report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, five have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $66.56.

Cameco Trading Down 0.1 %

Shares of NYSE CCJ opened at $53.79 on Friday. The company has a current ratio of 3.22, a quick ratio of 1.48 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $23.41 billion, a PE ratio of 137.92 and a beta of 0.90. Cameco Co. has a twelve month low of $35.43 and a twelve month high of $58.72. The stock has a fifty day simple moving average of $45.96 and a 200-day simple moving average of $47.89.

Cameco (NYSE:CCJ) (TSE:CCO) last released its earnings results on Wednesday, July 31st. The basic materials company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.14). The firm had revenue of $598.00 million during the quarter, compared to analyst estimates of $756.00 million. Cameco had a net margin of 9.72% and a return on equity of 5.63%. The business’s revenue was up 24.1% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.01) earnings per share. On average, equities analysts forecast that Cameco Co. will post 0.83 earnings per share for the current year.

Cameco Profile

Cameco Corporation provides uranium for the generation of electricity. It operates through Uranium, Fuel Services, Westinghouse segments. The Uranium segment is involved in the exploration for, mining, and milling, purchase, and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services.